Hasbro, Lionsgate end negotiations

August 03, 2017

Share:

Movies and Entertainment | Santa Monica, CA

US toymaker Hasbro has ceased negotiations to purchase film & television studio Lionsgate Entertainment after the two companies failed to agree on a price, per Reuters. A deal would have given Hasbro another vehicle to produce media content based on its existing intellectual property. The toy company already operates Hasbro Studios, which announced plans earlier this week to collaborate with Netflix on an original series based on the character Stretch Armstrong.